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2019 can be said to be the weakest year for PE products since 201 The domestic PE price continued to decline after a wave of rises at the beginning of the ye.
According to statistics, the domestic LLDPE spot has been at the lowest point since 2015 so far, and petrochemical inventories remain high at prese.
2015-2019 LLDPE price trends in various regions
2015-2019 LLDPE price trends in various regionsIt is not difficult to see from the price trend of LLDPE in the past 5 years in the above figure that the domestic linear price has experienced a trend of first falling, then rising and then falli.
Supply and demand: Although the upstream and downstream of the industrial chain are rising at a relatively stable growth rate every year, the polyolefin industry has one thing in common in recent yea.
The current situation caused by the rapid expansion of industry capacity is that the homogenization of general-purpose materials and products is serious, and prices are suppressed by each other under the fierce industry competition, resulting in the relatively high profit margins of the polyethylene industry continue to shri.
However, the expansion of production capacity has not stopped at this moment, and there will be a large number of devices lined up to be put into production in the futu.
The rapid growth of supply and the lower-than-expected increase in demand have led to the polyethylene industry itself entering the stage of capacity digestion after the price increa.
Big environment:
Big environment:What year is 2019? It is a year of stock competiti.
The reason for the chaos in the whole system is that the world environment has become sluggi.
From large to country to country to small to company to company, the market competition is one after anoth.
Similarly, the spot market of polyethylene products is also shrinking, and petrochemical profits are shrinki.
The spot market can no longer withstand the squeeze, and the fund holders will not do things that don’t make mon.
Although the upstream petrochemicals also cooperated very well with one line entering the overhaul, the benefit of the overhaul does not give much benefit to the current spot market at a.
The third and fourth quarters have become relatively less optimist.
